Monday 19 September 2011

Tamil Nadu hopes that entertainment tax on DTH services and IPL matches would fetch net Rs.150 crore

The Tamil Nadu government expects to raise Rs.150 crore annually from entertainment tax on direct-to-home (DTH) services and matches in the Indian Premier League (IPL) and the doubling of tax on feature films.
An official said that the entertainment tax net on DTH was likely to yield about Rs.75 crore, IPL may contribute Rs.18 crore to the exchequer.
Regarding entertainment tax on films, the government recently modified the previous regime's policy of giving exemption from the levy for any film with a Tamil title. Now concession will be available only to films free from violence and obscenity. The removal of the blanket exemption for films with Tamil titles may yield up to Rs.60 crore.
Objecting to the hike in entertainment tax on cinematography films on theatrical exhibition, the Film and Television Producers Guild of South India requested the Chief Minister to withdraw the hike.

Source: http://cablequest.org/news/dth-news/item/489-tamil-nadu-hopes-that-entertainment-tax-on-dth-services-and-ipl-matches-would-fetch-net-rs150-crore.html
Source: http://cablequest.org/news/dth-news/item/489-tamil-nadu-hopes-that-entertainment-tax-on-dth-services-and-ipl-matches-would-fetch-net-rs150-crore.html

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